BiKi AppGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
Update 2022-02-27: This app is not available anymore.
From its Google Play Description:
We have a strong technical team and operation team, dedicated to building the safest, most stable and efficient digital asset trading platform for global users.
Multiple cryptocurrencies,LTC/BTC、ETH/BTC、BCH/BTC、ETC/BTC、BTC/USDT、LTC/USDT、ETH/ USDT、BCH/ USDT、ETC/ USDT
At the interim, it would appear that this service is a centralized exchange.
In Section 3.4 of its User Service Agreement
Where the Bitcoins you uploaded prior to service suspension or termination have not been traded, BiKi shall have the right to delete the information in connection with such item upon service suspension or termination. Where any sales and purchase contract entered into with other members prior to such service suspension or termination, and the contract is not executed, BiKi shall have the right to delete such contract and the information in connection with Bitcoins trade thereon.
Its User Service Agreement is distinct from its Leverage Trading Agreement
In Section 4.2 of its Leverage Trading Agreement
Policy Risks: Digital asset transactions may be suspended or prohibited at any time due to the formulation or modification of applicable laws, rules and regulations for digital assets in various jurisdictions.
It has a tutorial on depositing digital assets
We emailed support to verify our findings.
All evidences point to a custodial service.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.